Overview

• BTC trades near $111k–$112k after a volatile week, with support clustered around $110k–$108k and technicians watching for a daily close above $113k–$114k to confirm upside.
• CryptoQuant reports corporate treasuries now hold a record 840,000 BTC in 2025, while monthly additions have cooled sharply, including a 97% purchase slowdown at Strategy.
• On-chain redistribution continues as 7,626 BTC aged 3–5 years moved, a shift analysts say reflects long-term holders supplying coins that ETFs and institutions are soaking up.
• Weak U.S. payrolls data heightened rate-cut expectations, and analysts note exchange stablecoin reserves near $58.5 billion with frequent 30,000–40,000 BTC deposit addresses, a setup they say could fuel fresh buying.
• Views diverge on trajectory: several analysts flag a corrective window toward $100k–$104k if $108k fails, while others cite an accumulation signal (KMFG) and cycle models ranging from a near-term peak call to decay-channel projections stretching into 2026.